Updated cookies policy - you'll see this message only once.

Barclays uses cookies on this website. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your computer or mobile device. To accept cookies continue browsing as normal. Or go to the cookies policy for more information and preferences.

Premier 2-Year Flexible Bond

Earn a fixed rate on your money with the flexibility to access some of it too.

0.70% gross p.a./AER for 2 years for balances of £1 to £1 million1,2

Up to 3 free withdrawals online, in branch or over the phone3 each up to 10% of your initial deposit4

Withdraw money online, in branch or over the phone

Summary box

Account name

Premier 2-Year Flexible Bond - Issue 28

What is the interest rate?

Interest rates for balances of £1+, effective from 12 May 2020

Interest option

Monthly

Gross p.a. %

Annual

Gross p.a. %

End of term

Gross p.a. %

AER %

(All interest options)

2-Year term

0.70

0.70

0.70

0.70

Monthly, annual and end of term interest payment options are available.

Monthly and annual interest will be paid away to your nominated Barclays account (this must be in the name of one or more Flexible Bond holders) or will be paid to you by cheque

As monthly and annual Interest is paid away to your nominated account , the interest does not compound in your bond

End-of-term interest is paid to your bond at maturity.

For terms of more than one year the actual interest that you receive at the end of the term will be higher as it includes compounding from year to year.

Tax liability on interest applies in the tax year it is paid, which may be different to the tax year(s) in which it is accrued. This means If you choose end of term interest, you’ll receive all of your interest in one tax year and you could reach or exceed your Personal Savings Allowance more quickly in that tax year.

Can Barclays change the interest rate?

No, the interest rates are fixed for the 2-year term of the bond.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

Deposit amount

Monthly

(Estimated value at the end of the term)

Annual

(Estimated value at the end of the term)

End of term

(Estimated value at the end of the term)

£1,000

£1,014.00

£1,014.00

£1,014.05

How do I open and manage my account?

You can open an account in branch or over the phone. Please see the ‘Apply for your bond’ section below for more details.

You can manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

You can open this bond with £1 – the maximum balance is £1 million.

Eligibility

To apply for this bond, you must

Be a Premier Current Account holder

Be aged 18 or above

Be resident in the UK for tax purposes

To apply for a Premier Current Account, you must have:

An annual gross income paid into a Barclays current account of £75,000 or more

Can I withdraw money?

You can make 3 withdrawals during the term of the bond. The maximum value per withdrawal is 10% of your initial investment into the bond.

You can access your funds and manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

We’ll contact you again before your bond matures to find out what you’d like to do next.

Additional information

Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance – for information and guidance please refer to HMRC’s website. It’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority.

Our Premier 2-Year Flexible Bond - Issue 28 is a strictly limited offer exclusive to Premier Banking customers, and may be withdrawn at any time.

Additional deposits are not allowed at any time during the term of the Bond, although a bond holder may acquire additional bonds subject to availability.

Bonds

Savings accounts

Important information

Rates shown are when interest is paid at the end of term. Interest can also be paid monthly or annually. If you choose end of term interest, you will receive all of your interest in one tax year. This means you could reach or exceed your Personal Savings Allowance more quickly in that tax year. If your bond has tiered interest rates then withdrawals may take you into a lower tier. Open from £1 to £1 million – no additional deposits are allowed.

‘Gross’ is the rate payable without tax taken off. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

Telephone and Online services are only available if you have registered for these services.

Rates are fixed for the term of the bond, but the amount of interest you receive will depend on the number and value of the withdrawals you make. If your Flexible Bond has tiered interest rates, then withdrawals may take you into a lower tier.

We’re experiencing a high number of calls at the moment, which is having a big impact on waiting times.

Calls may be recorded so that we can monitor the quality of our service and for security purposes.